3349-3-145
Naming university property.

(A)
Purpose

To establish rule guidelines for the
naming of a building, a portion or wing of a building, or outdoor space on the
Rootstown campus in recognition of contributions to the university or the
university foundation "the foundation".

(B)
Scope

Any individuals or entities that have
made significant financial or service-based contributions to the university or
the foundation in compliance with the criteria set forth in this
rule.

(1)
Individuals or entities who make a significant contribution
to the university or the foundation may be afforded an opportunity to have a
building, portion of a building, or an outdoor space named in their honor based
on the nature and amount of their contribution.

(2)
Naming
opportunities. The university advancement office, leadership of the foundation,
and other university leadership members will submit recommendations to the
president of the university based on the contribution.

(3)
Criteria. The
criteria for naming university property or space differs based on the nature of
the contribution.

(a)
Financial contributions. The financial contribution may
be in the form of cash, marketable stocks or securities, shares of mutual funds
or exchange traded funds; bonds or other fixed securities; a binding
commitment/agreement through a bequest included in a last will and testament;
an irrevocable or paid up life insurance rule; real estate; personal property
or equipment of substantial value to be used by the university, or other
marketable physical assets, which can be easily liquidated by the foundation.
The transfer of the assets must be completed prior to the naming of the
facility. This delivery can also be achieved by the irrevocability of the gift
to the university based on a future payment through an estate or proceeds from
a life insurance rule.

(i)
Amount of necessary for naming a building. The
financial contribution must be greater than or equal to twenty-five per cent of
the construction costs and be at least one million dollars in
value.

(ii)
Amount necessary for naming a portion of a building, a
renovation of an existing building or outdoor space. The financial contribution
must be greater than or equal to twenty-five per cent of the original
construction costs or a value estimated by the university when the actual
construction cost cannot be determined.

(b)
Service
contributions. In order to name a facility based upon a level of service, the
contribution must:

(i)
Be substantial and have had a major positive impact on
the direction of the university; and

(ii)
Be of an order
that without the contribution, the university would have been negatively
impacted in a substantial way.

(4)
Approval. The
approval required for awarding naming rights to an individual or entity differs
based on the nature of the contribution and the property being named.

(a)
Financial
contributions related to a building. When naming a building based on a
financial contribution, the president makes a recommendation to the university
board of trustees. The university board of trustees will review the
recommendation, and if they find the recommendation appropriate, will provide
final approval.

(b)
Financial contributions related to portions of a
building or outdoor space. When naming a portion of a building or outdoor
space, the president of the university provides final approval.

(c)
Service
contributions. When naming a facility for service contributions, the president
makes a recommendation to the university board of trustees who provides final
approval.

(5)
Revocation of naming rights and adjustments. Naming
rights may be revoked at the discretion of the president of the university or,
as appropriate, the university board of trustees, due to public or private
actions by the donor that could reflect negatively on the university. Failure
of the donor to complete any condition or scheduled action concerning the
contribution that was the inspiration for the naming opportunity may also
result in revocation or adjustment to the naming.

(6)
Recognition. To
recognize the naming of a facility, the university may place an appropriate
signage, work of art or other physical identifier acknowledging a donor's
contributions to the university. The recognition will be commensurate to the
contribution.

(7)
Exceptions to the rule. The university board of
trustees may deviate from any of the criteria or requirements set forth in this
rule.